Count shows Baird on track to win NSW

Mike Baird looks set to lead the coalition to a second term of government in NSW in early counting.

After 90 minutes into the count of votes, the ABC is projecting the coalition to win at least 49 seats - two more than the 47 needed to form a majority in the NSW parliament.

Labor is projected to win 30, with one to the Greens and an independent, and 12 others undecided.

ABC election analyst Antony Green says on the count so far, Labor's vote is up 9.6 per cent, while both the Liberal and National parties are down 2.9 per cent each.

But that change won't be enough to change government.

Earlier in the evening, former deputy Labor leader Carmel Tebbutt acknowledged it would be difficult for the ALP to fight back from its electoral humiliation of 2011 when the party was reduced to 20 of the 93 seats in the parliament.

"It was an absolute thrashing for Labor last time and we're certainly looking for a credible comeback from that position," Ms Tebbutt told the ABC.